No health information: you can buy it if you have cancer, and you can even reimburse the treatment fee for your past illness.
No waiting period: you can pay for it tomorrow if you buy it today, but you can't pay for it within 30 days after you buy millions of medical insurance.
Guarantee renewal: it can be guaranteed to the legal retirement age (male 60 years old, female 55 years old), and some products can be guaranteed to 75 years old.
World insurance
1. Human society has been confronted with natural disasters and accidents from the very beginning. In the process of struggling with nature, ancient people came up with insurance ideas and original insurance methods to deal with disasters and accidents. Around 2500 BC, the king of Babylon ordered monks, judges and village heads to collect taxes as fire fighting funds. Masons in ancient Egypt set up funeral mutual aid organizations to solve the problem of raising funeral funds by paying membership fees. Soldiers' organizations in the Roman Empire provided living expenses for the survivors of fallen soldiers in the form of fund-raising and gradually formed an insurance system. With the development of trade, around 1792 BC, it was the era of Hammurabi, the sixth king of Babylon, and the business was prosperous. In order to help commerce and protect the goods of mules, horses and caravans that compensate for losses, in code of hammurabi, it is stipulated that * * * should share the compensation for losses.
2. In 9 16 BC, in Rhode Island in the Mediterranean Sea, the king formulated the Rhodesian Maritime Code to ensure the normal conduct of maritime trade, stipulating that the losses suffered by a certain shipowner should be shared by the beneficiaries, including the shipowner and all shippers of the ship. This is the origin of marine insurance. During the Punic War from 260 BC to 146 BC, in order to solve the problem of military transportation, the ancient Romans charged 24-36% of the merchant's expenses as a reserve fund to compensate for the loss of goods, which is the origin of marine insurance.
3. In BC 133, Recchia (* * * economic organization) established in ancient Rome collected 100 ounces and a bottle of sake from people who joined the organization. In addition, 5 cents is collected every month and accumulated into provident fund for funeral subsidies. This is the bud of life insurance.
4. Insurance originates from offshore lending. In the Middle Ages, Italy had high-risk loans. The interest rate of risk loan is similar to today's insurance premium, but it has dropped because its high interest rate is forbidden by the church. 1384, the first insurance policy appeared in Pisa, and the modern insurance system was born.